[Ukraine and the United States signed key documents for a minerals agreement]
On May 13, Ukraine and the United States signed key documents for a minerals agreement - "The Agreement on the Establishment and Operation of the Joint Investment Recovery Fund." A fund was envisaged to be established in such mineral transactions.
The Ukrainian Ministry of Economy stated that these documents were signed on May 13 by the Public-Private Partnership Support Institution (PPP) and the US International Development Finance Corporation (DFC). After the exchange of diplomatic notes, the fund's work might start as early as May 23.
First Deputy Prime Minister and Minister of Economy of Ukraine, Yulia Sviridenko, said that Ukraine has completed all necessary procedures to launch the investment recovery fund. "Today, I handed over the note to the US Chargé d'Affaires ad interim in Ukraine, Julie Davis," she said.
She called the mineral transaction with the United States equal and forward-looking. Such a document is based on respect for Ukraine's national interests, specifying joint management and investment with the United States. Moreover, the agreement does not involve debt issues and clearly stipulates the obligation to invest only in Ukraine.
On the night of May 1, it was reported that Ukraine and the United States had signed an economic cooperation agreement (the "minerals deal"). This event took place in Washington. The Verkhovna Rada of Ukraine had already approved this agreement - this happened on May 8. Ukrainian President Volodymyr Zelenskyy also signed the relevant law.
To make the minerals deal effective, Ukraine and the United States still need to sign two additional technical agreements. And today this situation occurred.
Original source: https://www.toutiao.com/article/1832069609632844/
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